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Bill Gates, with an eye-popping net worth of nearly $80 billion, has retained his title of the world’s richest person. According to Forbes, which released its 2015 billionaires list Monday, there are now a record 1,826 billionaires worldwide, worth a combined $7.05 trillion. California is home to 131 of them. That's significantly more than the combined net worth of $6.4 trillion that billionaires tallied in 2014. However, the average net worth fell $60 million this year to $3.86 billion, Forbes said. Microsoft co-founder Gates saw his wealth climb $3.2 billion to $79.2 billion, according to Forbes, earning him the premier spot on the Forbes 2015 Billionaires List. And...

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Bill Gates, with an eye-popping net worth of nearly $80 billion, has retained his title of the world’s richest person.
According to Forbes, which released its 2015 billionaires list Monday, there are now a record 1,826 billionaires worldwide,...

Billionaire Larry Ellison is among Malibu homeowners looking for summer tenants.
For $65,000 a month, plus a $35,000 security deposit, one can land a remodeled beach cottage complete with prestigious landlord on famed Carbon Beach. The one-story house...

Hot Property was just a kernel of an idea when Ruth Ryon proposed it in 1984 to Dick Turpin, then-editor of The Times' Real Estate section. The reporter thought there could be a column in the short stories she had started writing on notable people and...

NEW YORK — With Wall Street focused on the debut of Alibaba Group, the stock market drifted into the weekend and major indexes ended little changed.
Investors watched as the Chinese e-commerce giant surged 38 percent Friday, in its first day of trading...

To the editor: I usually agree with David Lazarus, but not with his column shaming Hilton Worldwide for not covering the losses of guests after a hotel fire. ("Hotel burns down, declines to reimburse guests," Oct. 13)
In the absence of...

The first time I stepped into San Clemente's Beachcomber Motel, the hairs on my neck rose with deja vu. The low-slung Spanish building, the tiny rooms with Venetian blinds and picture windows, the kitchenette with its lemon-chiffon tile, the black night...

Larry Ellison, the adventurous billionaire who built Oracle Corp. into a technology behemoth, is leaving his position as chief executive, the company said Thursday.Ellison will become executive chairman of Oracle’s board and also the company’s chief...

Larry Ellison, the billionaire founder of Oracle Corp., built one of the biggest companies in the technology industry, but his influence hasn't stopped there. He's also, indirectly, a major influence in Hollywood.
Ranked by Forbes as the world's...

Larry Ellison, among the last of the old lions who transformed a fruit-and-nut-growing backwater into Silicon Valley, is stepping down as chief executive of the company he founded, Oracle Corp.
Ellison, 70, won't be retiring to Lanai, the Hawaiian island...

The billionaire suitors came one after another, pulling up to the beachfront mansion just steps up the coast from the exclusive Malibu Colony. A lucky few had been asked to meet with Shelly Sterling — the Clippers were for sale.
Steve Ballmer visited...

Los Angeles Clippers co-owner Shelly Sterling is mounting a hurried sale of the team that her husband, Donald, bought 33 years ago and could name a prospective new owner by the end of the week, according to people familiar with the situation.
Shelly...

An initial round of bidding for the Los Angeles Clippers closed Wednesday with at least three potential buyers making offers and predicting that the winner will pay well over $1 billion, according to three people involved in the sale.
Team co-owner...

If Donald and Shelly Sterling do sell the Clippers, there would be no shortage of buyers.
The Clippers could command $1 billion, in part because a new owner could reap the benefits of a spirited bidding war among Fox Sports, Time Warner Cable and the...

Potential bidders for the Clippers are lining up after NBA Commissioner Adam Silver said Tuesday he would push for the team's sale as part of his sweeping sanctions against Clippers owner Donald Sterling.
Sterling bought the club for $12.5 million in...

Taking actions with little precedent in American professional sports history, NBA Commissioner Adam Silver on Tuesday banned Los Angeles Clippers owner Donald Sterling from the basketball league for life and said he would push hard to get other NBA owners...

If Donald Sterling opts to sell or is forced to sell the Clippers, Oprah Winfrey reportedly has teamed up with a group of investors to potentially buy the team.
Winfrey has joined entertainment mogul David Geffen and Oracle Corp. Chief Executive Larry...

The Los Angeles Clippers are not on the market just yet, but the prospect has the city, and the monied people who like to own Big Things, buzzing about who might become the next boss of one of pro basketball's most star-crossed, and now promising,...

Adam Silver swung the hammer. Donald Sterling is out. But not quite yet.
He is barred from everything NBA-related, whether it's getting his car valet-parked underneath Staples Center for a Clippers game or stopping by the team's practice facility for...

A lot of boldface names seem to be interested in the Los Angeles Clippers in the wake of the Donald Sterling scandal.
It's unclear how serious some of the potential suitors are. But the team has attracted attention from both Hollywood celebrities and...

CBS has "The Big Bang Theory" and its boss has an astronomical paycheck.
Leslie Moonves, the network's chief executive, was awarded a $66.9-million compensation package last year, according to a Securities and Exchange Commission filing Friday....